FourThought Financial LLC Has $59,000 Position in First Hawaiian, Inc. (NASDAQ:FHB)

FourThought Financial LLC grew its holdings in First Hawaiian, Inc. (NASDAQ:FHB – Get Rating) by 31.3% during the third quarter, Holdings Channel reports. The firm owned 2,406 shares of the bank’s stock after acquiring an additional 574 shares during the quarter. FourThought Financial LLC’s holdings in First Hawaiian were worth $59,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Orion Portfolio Solutions LLC acquired a new position in shares of First Hawaiian during the 3rd quarter valued at $383,000. Jupiter Asset Management Ltd. lifted its position in shares of First Hawaiian by 1,219.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 201,692 shares of the bank’s stock valued at $4,967,000 after acquiring an additional 186,410 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of First Hawaiian by 0.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,141,531 shares of the bank’s stock valued at $175,896,000 after acquiring an additional 39,293 shares during the period. Toronto Dominion Bank acquired a new position in shares of First Hawaiian during the 3rd quarter valued at $526,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of First Hawaiian during the 3rd quarter valued at $5,254,000. Institutional investors own 97.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FHB. Wells Fargo & Company boosted their target price on shares of First Hawaiian from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, January 30th. JPMorgan Chase & Co. upgraded shares of First Hawaiian from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a report on Tuesday, December 13th. Finally, StockNews.com initiated coverage on shares of First Hawaiian in a report on Thursday. They set a “sell” rating on the stock.

First Hawaiian Trading Down 2.4 %

FHB opened at $21.14 on Friday. The company’s fifty day moving average price is $26.04 and its two-hundred day moving average price is $25.81. First Hawaiian, Inc. has a 1-year low of $19.68 and a 1-year high of $29.53. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.99 and a beta of 1.06.

First Hawaiian (NASDAQ:FHB – Get Rating) last announced its earnings results on Friday, January 27th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $219.95 million during the quarter, compared to the consensus estimate of $216.39 million. First Hawaiian had a net margin of 31.53% and a return on equity of 11.80%. As a group, equities analysts forecast that First Hawaiian, Inc. will post 2.24 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Friday, February 17th were issued a $0.26 dividend. The ex-dividend date was Thursday, February 16th. This represents a $1.04 annualized dividend and a dividend yield of 4.92%. First Hawaiian’s dividend payout ratio is currently 50.24%.

Insider Activity

In other news, CEO Robert S. Harrison bought 23,500 shares of the stock in a transaction dated Thursday, March 16th. The stock was bought at an average price of $21.61 per share, for a total transaction of $507,835.00. Following the completion of the acquisition, the chief executive officer now directly owns 350,449 shares in the company, valued at approximately $7,573,202.89. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

First Hawaiian Company Profile

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First Hawaiian, Inc is a bank holding company engaged in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary, First Hawaiian Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other.